Eros International Media Limited has informed the Exchange regarding Outcome of Board Meeting held on September 22, 2025.
Awaiting price reaction for this filing.
Eros International Media's board approved audited standalone and consolidated results for Q4 and FY ended March 31, 2025, along with the 31st AGM notice and related items. On a standalone basis, revenue from operations fell ~31% to ₹10,016 lakhs and the company reported a loss before tax of ₹672 lakhs (vs ₹47,094 lakhs loss last year), while standalone net worth is fully eroded at negative ₹(38,820) lakhs. On a consolidated basis, the group swung to a profit before tax of ₹11,892 lakhs (vs a loss of ₹40,525 lakhs), but this is driven almost entirely by a sharp jump in 'other income' to ₹25,328 lakhs, which includes a ₹15,431 lakh reversal of film-rights impairment by a subsidiary, a ₹2,500 lakh arbitration award receipt, and a ₹2,303 lakh profit on sale of office premises. Auditors Haribhakti & Co. LLP issued a modified opinion — qualified opinion on standalone results, and qualified opinion plus a disclaimer of opinion on consolidated results (due to non-availability of one subsidiary's financials). Note 6 explicitly flags a material going-concern uncertainty owing to losses, fully eroded net worth, and defaults on statutory dues.
Negative. The going-concern qualification, negative standalone net worth, and pending SEBI investigation and Enforcement Directorate search significantly raise risk for shareholders. The consolidated 'profit' is largely propped up by non-recurring items (impairment reversal, arbitration award, asset sale) rather than core operations, masking underlying weakness.